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OYO's early investors Lightspeed Venture Partners, and Sequoia India are selling their holdings as part of this investment round Go to Source
The latest development comes at a time when ShopClues has not been able to find a buyer after months of negotiations with bigger rivals like Paytm Mall and Snapdeal. Go to Source
"TikTok confirms to adhere with the due diligence process mandated under the Intermediary Guidelines 2011 of the IT Act 2000," MeitY said in its letter to the PMO. Go to Source
HP Inc is betting on device-as-a-service and 3D printing to grow faster, even as it pushes for innovation in its core PC and printer business Go to Source
Cloud gaming infrastructure and platforms provide the backbone for these new-age gaming companies, which may not want to make huge investments in technology. Go to Source
In the runup to the ET Startup Awards 2019 Jury meeting on July 19, we will bring you what the jury members expect in a winner. Go to Source
While the company did not disclose the exact sum, sources briefed on the matter said that the venture had raised about $5 million in its latest round of funding. Go to Source
Ebay said its global inventory will be available to over 130 million active users on Paytm Mall and Paytm's app ecosystem as part of the deal. Go to Source
Yatra will become part of Ebix’s EbixCash travel portfolio alongside Via and Mercury and will continue to serve customers under the Yatra brand. Go to Source
The company will utilise the capital to strengthen its product, invest in new technologies such as Blockchain, artificial intelligence, and machine learning and expand its global footprint. Go to Source
Rivigo has been under pressure from investors to cut costs, move away from an asset-heavy business, and improve its unit economics across all business verticals. Go to Source
Oyo founder Ritesh Agarwal has set up a Cayman Islands-registered entity, RA Hospitality, which will look to make fresh investments in the SoftBank-backed hospitality chain Go to Source
The SoftBank-backed hospitality chain is planning to expand the business to 50 centres by the end of the current calendar year. Go to Source
The move is significant as Indian foreign direct investment (FDI) rules prohibit foreign-owned ecommerce marketplaces from directly or indirectly influencing the price of products sold on their platforms. Go to Source
The changes are part of its global roll out its new website design in the next few weeks as it seeks to improve user engagement and make the web experience consistent with the mobile application. Go to Source
SoftBank’s interest in Piramal’s business, with no underlying technology, stems from its bullishness on the overall financial services and consumer lending sector. Go to Source
India currently allows individuals to receive free samples and gifts up to Rs 5,000 in value via courier without paying any duties Go to Source
Swiggy's investment conversations come at a time when it is locked in a discounting war to fend off closest competitor Zomato Go to Source
SoftBank’s interest in Piramal’s business, with no underlying technology, stems from its bullishness about the overall financial services and consumer lending sector. Go to Source
The FTC has been investigating allegations Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica Go to Source
Infosys has increased its revenue guidance to 8.5-10% in the year ahead on the back of a strong deal pipeline Go to Source
The FTC has been investigating allegations Facebook inappropriately shared information belonging to 87 million users with the now-defunct British political consulting firm Cambridge Analytica Go to Source
India will step up the international space race on Monday when it launches a low-cost mission to become only the fourth country to land a probe on the moon. Go to Source
The investment will be going into the company’s subsidiary Qdigi Services, which provides after sales services for smartphones and other consumer electronics and durables. Go to Source
Some say they were asked to pay up tax in spite of having exemption certificates. Go to Source
Here is a quick sneak peek at this week's most important investments in the tech and startup space. Go to Source
The move comes amid growing concerns that automation and robots are killing low-skilled jobs and that many workers lack training for new roles being created by technology. Go to Source
The company cited a “large” potential investment round falling through as the reason for the retrenchment Go to Source
ET has learnt that Flipkart and Snapdeal have already made their submissions, while Amazon is still in the process of doing so. Go to Source
The common thread connecting these companies is a focus on solutions that range from bots for local language banking telephony to social platforms that intuitively connect farmers to agricultural experts. Go to Source
The company cited a “large” potential investment round falling through as the reason for the retrenchment, according to an employee who spoke to ET on the condition of anonymity. Go to Source
Flipkart has cut a bulk of its marketing spend on Jabong, and has been giving incentives to users to move from the Jabong app to Myntra over the past few months. Go to Source
India’s technology-based logistics sector has been a hotbed of risk capital activity over the last few months, with almost every major company operating in the space raising substantial amounts of capital. Go to Source
The company will primarily use the proceeds to ramp up infrastructure. Moglix is currently present in 14 locations, and plans to be in 22-25 industrial hubs. Go to Source
In the RBI's vision document for 2021, the central bank said it would consider shifting from transaction value-based pricing slabs to a fixed minimum transaction-based pricing Go to Source
Jitendra Gupta, another managing director who was heading the lending business of PayU India – LazyPay — also announced his departure last week. Go to Source
The new funding round will support Byju's plan to expand into International markets and create products that cater to learners abroad Go to Source
Amazon & Flipkart officials have informed sellers that there will be no preferential treatment for any vendor, all will be levied uniform seller commission and logistics rates. Go to Source
Paytm is eyeing multiple ways to expand products and start making money off users including tapping gaming, content, commerce and wealth management, said founder Vijay Shekhar Sharma in an exclusive interview with ET. Go to Source
The firm has already backed the likes of Hector Beverages, maker of Paper Boat beverages, and cosmetic brand Sugar, and will cut cheques of $10-30 million. Go to Source
The Delaware- and Bengaluru-based company will use the proceeds from the Series B round for brand building, acquisitions, product development and expansion. Go to Source
The transaction, which is expected to close by the end of the month, will value the five-yearold company at $500-600 million, according to multiple sources aware of the development. Go to Source
Separately, Japan’s SoftBank, which operates the world’s largest pool of private capital, has also had discussions with DailyHunt, to invest $120-150 million. Go to Source
The company’s Series-B round is being led by existing investors including Sequoia Capital, Ribbit Capital and Yuri Milner’s Apolleto Asia. Go to Source
From algorithm-based apps that can identify gangs, to ones that gather information from breaking news, the police are going increasingly high-tech. Go to Source
The move, unprecedented among leading privately held, new-age Indian startups, will help Agarwal raise his stake to around 30% from the current 10%. Go to Source
Infosys has hired more than 9,100 people in the US since 2017, much in line with former CEO Vishal Sikka’s stated goal of hiring 10,000 people in its major market. Go to Source
Sitharaman said there will be relief for startups from Section 68 of the I-T Act, which deals with identification of investors who back startups Go to Source
The aim is to emerge as an attractive investment destination for companies looking to diversify manufacturing operations from China. Go to Source
The NBFC sector has seen a series of ratings downgrade and defaults in repayment of debt. Go to Source
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